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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting a shift in crypto market dynamics, Bitcoin and Ethereum extended their gains during Saturday trading while major altcoins showed divergent performance. According to reports, current market movement indicates a significant concentration of capital in large-cap assets, leading to increased dominance for the top two cryptocurrencies. This trend emerges as broader risk appetite cools, with investors becoming increasingly selective in their asset allocation.
This upward trend highlights the continued outperformance of majors over altcoins, as market data shows Bitcoin dominance remaining firm above the 50% threshold of the total crypto market cap. Looking at peers, assets like Solana and Cardano experienced sharp price volatility, aligning with expert views that investors are currently favoring liquidity and size. This consolidation phase follows a period of macro uncertainty where high-cap digital assets often act as a relative safe haven within the sector.
From a technical perspective, the market is watching for Bitcoin to maintain key support levels to sustain its bullish momentum. According to the economic calendar, traders should monitor the upcoming Lagarde speech on June 29, 2026, and China's Manufacturing PMI data on June 30, 2026. These catalysts are expected to influence global liquidity conditions and risk sentiment across the digital asset landscape.